Payment Plans and Loan Options
College is a very important investment in your life.That's why Chatham University provides you with individual assistance and the very best resources during the financial aid process.
Because Chatham University is committed in making education affordable for all students, the University offers a variety of smart payment options. We look forward to working with you to help find a sensible approach to finance your educational investment. The payment options outlined below, will allow you to finance the balance in both a comfortable and confident manner. For details on these and other programs, keep reading!
You may pay your remaining educational investment in a variety of ways:
Tuition Payment Plan
Designed to ease the burden of paying for college, this payment plan helps many Chatham students and families pay the balance due each term that is not covered by financial aid assistance. An informational brochure for the payment plan is sent to students each semester with their term invoice. To enroll in the Tuition Payment Plan, a student must be registered for classes and be in good financial standing with the university. The Tuition Payment Plan is offered for the fall and spring semesters.
The program is managed through Educational Computer Systems, Inc. (ECSI) on behalf of Chatham University. Please access the online application at https://borrower.ecsi.net to apply for the Tuition Payment Plan. Questions regarding the application process can be directed to ECSI by e-mailing firstname.lastname@example.org, or by calling 866-927-1438.
Parent PLUS Loan:
A Federal Parent PLUS loan is a credit-based loan borrowed by the parent on behalf of a student to help supplement a student's other sources of financial aid, giving parents the flexibility to cover 100% of their college expenses. PLUS loans offer a low, fixed interest rate of 6.41%. The loan can be deferred while, the student is enrolled at least part-time. All PLUS loans are offered by the Federal Government, the United States Department of Education. For more information on this loan, or to apply, please visit www.studentloans.gov. The application process is easy, and only requires completion of the PLUS Loan Application (credit check) and the Federal Master Promissory Note. To start the process, as a parent borrower, you will need your Federal FSAID.
A private loan is an available resource for students who are seeking additional funding. This is a credit-based loan, borrowed by the student, along with a credit-worthy co-signer. Unlike federal loans, private loan terms can vary based on the credit evaluation of borrower and/or co-borrower and offer a variable interest rate. Private loans are funded through a lender, and choosing a lender is a very important decision as it involves a financial obligation and creating a relationship with a lender for many years to come. As a result, there are questions you may want to take into consideration during the selection process for your lender. Please review the following information for private loans.
Questions About What Option is Best? Let Us Help You!
Chatham University's financial aid counselors understand the sacrifices that students and families make to pay for a quality education. Our staff of highly trained professionals are willing and ready to assist you.
You may have some unanswered questions, after reading all of the information above. We are here to help! Please feel free to contact us, if you have any questions.